Debt And Related Expenses (Tables)

6 Months Ended

Jun. 30, 2022

Debt Instrument [Line Items]

Schedule Of Debt Instruments and Balances

See below for a summary of debt instruments and balances. The notes and debentures are senior, unsecured obligations of Devon.

	June 30, 2022			December 31, 2021
8.25% due August 1, 2023	$	242		$	242
5.25% due September 15, 2024		472			472
5.85% due December 15, 2025		485			485
7.50% due September 15, 2027		73			73
5.25% due October 15, 2027		390			390
5.875% due June 15, 2028		325			325
4.50% due January 15, 2030		585			585
7.875% due September 30, 2031		675			675
7.95% due April 15, 2032		366			366
5.60% due July 15, 2041		1,250			1,250
4.75% due May 15, 2042		750			750
5.00% due June 15, 2045		750			750
Net premium on debentures and notes		126			149
Debt issuance costs		(28	)		(30	)
Total long-term debt	$	6,461		$	6,482

Schedule Of Net Financing Cost Components

The following schedule includes the components of net financing costs.

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Interest based on debt outstanding	$	93		$	98		$	185		$	203
Gain on early retirement of debt		—			(10	)		—			(30	)
Interest income		(2	)		—			(3	)		(1	)
Other		(7	)		(8	)		(13	)		(15	)
Total net financing costs	$	84		$	80		$	169		$	157